Gladius Capital Management LP Makes New Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Gladius Capital Management LP acquired a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 957 shares of the construction company’s stock, valued at approximately $44,000.

Several other large investors also recently modified their holdings of LMB. Invesco Ltd. lifted its stake in Limbach by 691.1% in the third quarter. Invesco Ltd. now owns 308,853 shares of the construction company’s stock valued at $9,800,000 after buying an additional 269,814 shares during the period. Trexquant Investment LP acquired a new position in shares of Limbach during the 3rd quarter valued at $1,229,000. Janney Montgomery Scott LLC bought a new position in Limbach during the third quarter worth $488,000. Lazard Asset Management LLC grew its holdings in Limbach by 126.8% in the third quarter. Lazard Asset Management LLC now owns 9,812 shares of the construction company’s stock worth $311,000 after purchasing an additional 5,485 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in Limbach in the fourth quarter valued at $38,000. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Limbach from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 13th.

Limbach Stock Down 1.5 %

LMB stock traded down $0.71 during midday trading on Thursday, reaching $47.67. 404,653 shares of the company’s stock traded hands, compared to its average volume of 176,379. Limbach Holdings, Inc. has a 52 week low of $18.36 and a 52 week high of $52.96. The company has a market cap of $537.15 million, a price-to-earnings ratio of 26.78, a P/E/G ratio of 2.01 and a beta of 0.97. The firm’s fifty day moving average price is $43.91 and its 200-day moving average price is $41.41. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.16.

Limbach (NASDAQ:LMB) last posted its earnings results on Wednesday, March 13th. The construction company reported $0.44 EPS for the quarter. Limbach had a net margin of 4.02% and a return on equity of 18.87%. The company had revenue of $142.69 million during the quarter, compared to the consensus estimate of $131.25 million. As a group, sell-side analysts forecast that Limbach Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Limbach Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.